Prosperity Bancshares, Inc. (PB) Expected to Announce Quarterly Sales of $187.45 Million

Prosperity Bancshares, Inc. (NYSE:PB) has been given an average rating of "Hold" by the ten ratings firms that are presently covering the firm, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and two have issued a buy rating on the company.

Prosperity Bancshares (PB) just came out with quarterly earnings of $1.17 per share, beating the zacks consensus estimate of $1.15 per share. This compares to earnings of $0.99 per share a year ago.

HOUSTON, July 27, 2016. Prosperity Bancshares, Inc. (NYSE: PB), the parent company of Prosperity Bank (collectively, "Prosperity"), reported net income for the quarter ended June 30, 2016 of $68.071 million or $0.98 per diluted common share. additionally, nonperforming assets remain low at 0.27% of second quarter average earning assets.

Analysts forecast that Prosperity Bancshares, Inc. (NYSE:PB) will announce $186.94 million in sales for the current quarter, according to Zacks. Six analysts have issued estimates for Prosperity Bancshares’ earnings, with the lowest sales estimate coming in at $186.10 million and the highest estimate coming in at $188.20 million.

Kwmg LLC increased its holdings in shares of Prosperity Bancshares, Inc. (NYSE:PB) by 3.3% during the 1st quarter, Holdings Channel reports. The institutional investor owned 35,419 shares of the bank’s stock after purchasing an additional 1,120 shares during the period.

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According to Zacks, analysts expect that Prosperity Bancshares will report full year sales of $762.42 million for the current year, with estimates ranging from $753.34 million to $769.70 million.

The latest earning call transcripts on Prosperity Bancshares, Inc. (PB) stock.

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In addition, Fulton has several other direct subsidiaries, including: Fulton Insurance Services Group, Inc. (which operates an insurance. the Fulton Financial Common Stock Fund of the Fulton.